Market outlook of the global micro-hybrid vehicle market

The global 48V micro hybrid market is relatively new and still in its nascent stage. It is expected to grow exponentially in the coming years because of the benefits associated with the Class2 category of micro-hybrid vehicles. Technavio's market research analysts project the global micro-hybrid vehicle market to grow at a CAGR of over 29% in the next four years.

The conventional versions of micro hybrid vehicles had a 12V battery that had performance issues. Micro hybrid vehicles need more powerful and long-lasting batteries than what conventional 12V lead-acid batteries can deliver. It has led to the development of the 48V battery that is being installed in the Class 2 micro-hybrids. The 48V battery system also provides support to the vehicle's active chassis systems, and air conditioning compressors.

Global micro hybrid vehicle market by vehicle segmentation

Light vehicles

Heavy Vehicles

In 2014, the light micro hybrid vehicle segment dominated the global automotive micro-hybrid market, and it is expected to show significant growth during the forecast period. The growth in the light micro-hybrid vehicle segment is driven by the demand of micro-hybrid vehicle from the APAC region.

Global micro-hybrid market by geography

APAC

Americas

EMEA

The EMEA region is expected to account for the largest share of this market by 2019. The regulatory bodies of EU have set emission targets for all car manufacturers till 2020, based on the average mass of new cars registered in the region. The EMEA region receives a major share of its business from European countries such as Germany, Sweden, Italy, and France.